ECO 125 Introduction to Microeconomics

3 hours

This introductory course examines price theory, the laws of supply and demand, costs, profits, market structure, production, and marginal analysis. Specifically, individual consumer and producer behaviors are analyzed and models are explored on the micro level and how their behaviors both influence and are influenced by local, national and global economies. Students will learn the competing theories of economic behavior to understand the real world issues and their implications.